Karachi: The Bannu Woollen Mills Limited has unveiled its 66th Annual Report for the fiscal year ending June 30, 2026, detailing substantial financial shifts despite enduring a challenging operational environment. The report was officially released on October 1, 2026.
According to the financial statements, the company experienced a notable increase in total assets, rising to 4.16 billion rupees from 3.85 billion rupees in the previous year. This increase is primarily attributed to the enhancement of property, plant, and equipment, which saw a rise to 1.85 billion rupees from 1.55 billion rupees. Non-current assets overall registered a moderate move upwards, while current assets showed a similar upward trend, recorded at 1.34 billion rupees compared to 1.26 billion rupees the year prior.
The equity position of Bannu Woollen Mills Limited strengthened, with shareholders' equity reaching 3.23 billion rupees, up from 3.03 billion rupees. This improvement is largely due to a revaluation surplus on property, plant, and equipment, which surged to 3.05 billion rupees from 2.74 billion rupees. Conversely, the company reported an accumulated loss of 89.32 million rupees, marking a sharp decline from an unappropriated profit of 29.62 million rupees the previous year.
Liabilities saw an increase, with total liabilities climbing to 930.19 million rupees from 816.65 million rupees. This rise was influenced by both an increase in non-current liabilities, reaching 283.02 million rupees, and current liabilities, which rose to 647.18 million rupees.
On the profit and loss front, Bannu Woollen Mills Limited reported sales of 1.29 billion rupees, a 33.69% increase from the previous year’s 968.56 million rupees, classified as a very large move. Despite this, the cost of sales increased to 959.21 million rupees from 696.34 million rupees, impacting the gross profit, which stood at 335.73 million rupees, up from 272.22 million rupees.
Operating profit was recorded at 136.54 million rupees compared to 97.62 million rupees the previous year. However, the company faced challenges with the share of loss from its associated company amounting to 89.98 million rupees, impacting the overall financial performance. This was accompanied by a reversal of impairment loss on investments in the associated company, which was recorded at 89.51 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Bannu Woollen Mills Limited's financial performance was marked by a loss before revenue taxes and income taxes amounting to 95.13 million rupees, compared to 81.42 million rupees in 2025. The company reported a total comprehensive loss of 199.01 million rupees, a reversal from a loss of 98.57 million rupees the previous year. The loss per share was noted at 12.70 rupees, compared to 10.35 rupees in the prior year.
Despite the financial setbacks, the company recorded a significant surplus of 233.09 million rupees from the revaluation of property, plant, and equipment, and an additional surplus of 112.00 million rupees from the revaluation of freehold land of the associated company, contributing positively to the other comprehensive income.
The textile industry, a designated market category, continues to witness challenging conditions, and Bannu Woollen Mills Limited's report underscores both the potential and hurdles faced in its financial landscape.